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About this home
Exceptional development opportunity on a 12,319 SF parcel just outside downtown Stoneham. Located within the Business zoning district; ownership, working with its architectural team, has prepared two preliminary conceptual redevelopment studies illustrating the property's multifamily and townhouse potential. Concept 1 envisions an 18-unit apartment or condominium building with 19 covered parking spaces. Concept 2 proposes eight townhouse residences, each featuring two bedrooms, 2.5 baths, an attached two-car garage, and private outdoor garden space. Rare opportunity for builders and developers to acquire a well-located redevelopment site in one of Greater Boston's most desirable suburban communities. All redevelopment concepts are subject to Planning Board review and approval, design review, and all applicable municipal and regulatory approvals. Seller is willing to cooperate with the purchaser during the permitting process, with closing structured upon mutually agreed milestones.
Property details
- MLS #
- 73545555
- Property type
- Commercial
- Subdivision
- N/A
- Status
- Active
- Days on market
- 152
- On market date
- May 13, 2026
- Stories
- N/A
- Total bathrooms
- N/A
- Garage spaces
- N/A
- Parking spaces
- N/A
- Lot size
- 0.28 acres
Location
Get directions →Nearby schools
Within 10 miles. School directory data from the National Center for Education Statistics (NCES), accessed via the Urban Institute Education Data API. Local Score is calculated by INNOVATE Real Estate; where a state rating is shown, it comes from that state's own official school report card.
- Enrollment
- 324
- Student:teacher ratio
- 12.5:1
- District
- Stoneham
- Enrollment
- 709
- Student:teacher ratio
- 10.7:1
- District
- Stoneham
- Enrollment
- 579
- Student:teacher ratio
- 10.3:1
- District
- Stoneham
Walkability
Blended score for Stoneham's center, calculated by INNOVATE Real Estate from two sources: the EPA's National Walkability Index (street network, transit, land-use mix) and Google Places amenity data (what's actually reachable on foot from this point). 60% EPA National Walkability Index + 40% nearby-amenity density (Google Places).
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Data source: Listing information provided by MLS Property Information Network via Trestle/CoreLogic. Last updated July 11, 2026.
Information herein deemed reliable but not guaranteed; all measurements, school assignments, HOA fees, taxes, and feature lists are approximate and should be independently verified. Equal Housing Opportunity.